India Tops Fastest Growing Trading Nation: HSBC

According to HSBC global trade forecast, India gained top league of trading nations beginning in 2013 and is expected to retain the fastest growth rate until 2020. With the rising bilateral trade with China and growing consumers’ wealth, India tops as the most confident country with more than 61% of traders expecting growth.

The report by HSBC global trade covered 5,800 exporters, importers, traders among 23 largest trading markets over the past six months. In the next three years, India is expected to gain significant trade growth by joining with emerging trading nations like Vietnam, Egypt, Turkey, Indonesia, Mexico and Poland.